Bob Iger has a lot on his to do list in his second round as Disney’s CEO. The 71 year-old newly unretired executive has to make the company’s costly streaming business profitable, jump start its floundering stock price and restore the magic in Disney’s culture after Bob Chapek’s tumultuous tenure. And he’s got to do it in just two years...
Tesla and CEO Elon Musk will spend this week in court to defend the massive compensation package that helped make him the world’s richest man...
In the latest incident of C-suite execs behaving poorly, Tyson Foods Chief Financial Officer, John R. Tyson, was arrested over the weekend after he allegedly wandered into the wrong home and fell asleep in a bedroom...
Twitter’s board of directors was dissolved on Thursday following Elon Musk’s takeover of the company, according to a securities filing on Monday. The company filing states that all previous members of Twitter’s board, including recently ousted CEO Parag Agrawal and chairman Bret Taylor, are no longer directors “in accordance with the terms of the merger agreement.”...
For the first time ever, every company listed on the S&P 500 has at least one racially or ethnically diverse director. About 11% of S&P boards were non-diverse in 2020...
Credit Suisse has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in costs to help the bank recover from a string of scandals and losses...
Billionaire activist investor Bill Ackman will close his special purpose acquisition company and return $4 billion to investors after failing to find an adequate target company to take public...
HSBC has long prided itself on being the bank that connects East and West. Now it's under pressure to rethink that model after a challenge from its top shareholder, one of the most powerful finance companies in China...
Does the richest person on the planet need another massive pay package? That's the decision facing the Tesla board of directors. CEO Elon Musk doesn't receive any cash salary or bonus. He's paid only with stock options. But he has just about exhausted the options available from the compensation package he got from Tesla in 2018, a package that turned out to be the most lucrative package of stock options issued by any company, according to Courtney Yu, director of research at executive compensation firm Equilar...
Twitter's board of directors has adopted a limited-term shareholder rights plan called a "poison pill" that could make it harder for Elon Musk to acquire the company...
Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell over the company's climate transition plan, in what they said would be the first such case of its kind...
Shares of Twitter jumped as much as 10% in pre-market trading Monday on the heels of a report that CEO Jack Dorsey intends to step down...
James Mattis, the former US Secretary of Defense and onetime Theranos board member, recounted how he lost confidence in the failed blood-testing startup during his testimony Wednesday in the criminal trial of the company's founder and former CEO Elizabeth Holmes...
Even if you're not an avid gamer, there's a good chance you've heard of "Call of Duty," "World of Warcraft" or "Candy Crush." Those games, which are played by hundreds of millions of people around the world and have in some cases attained the status of cultural phenomena, all belong to one California company helmed by one of America's longest-serving CEOs...
Parler CEO John Matze has been terminated by the board of the embattled social media company, according to Parler investor and right-wing commentator Dan Bongino...
For decades, ExxonMobil was an unstoppable machine and the envy of the oil industry. Now that machine has broken down -- and Exxon's critics are pouncing...
New York (CNN Business) -- Google's services went down for about an hour Monday in a massive outage that prevented many people from watching YouTube videos, accessing their Google Docs or sending email on Gmail...
General Electric misled shareholders about the deterioration of its insurance and power businesses in the years before its stock price imploded, according to the Securities and Exchange Commission...
Nasdaq is proposing a rule that would require at least some measure of diversity on the boards of directors of companies listed on the exchange...
Senator Elizabeth Warren slammed Disney earlier this month over layoffs and other decisions that she says prioritized shareholders over employees. Now Disney has responded — and Warren is not satisfied with the company's reply...
Among its many accomplishments — the iPhone, the iPad, iTunes, the App store — Apple can now boast of one more: It was briefly worth more than $2 trillion, making it the first company in the United States to reach that milestone...
As the nation's largest private employer, Walmart could lead the way during the Covid-19 crisis in treating its employees like the essential workers that they are...
Bob Iger has stepped down as CEO of the Walt Disney Company(DIS), effective immediately...
Carl Icahn is escalating his war with Occidental Petroleum. The legendary investor now wants to replace Occidental's entire 10-person board of directors, a person familiar with the matter told CNN Business. Icahn was previously only pushing to replace four members of the oil giant's board...